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Presented by
Amy Rubin |
Rare Brooklyn Heights 16-Unit Co-Op | Loft-Style + Duplex with Outdoor Space 63–65 Atlantic Avenue
First time offered in decades, this 16-unit cooperative building—held under long-time family ownership—presents a rare opportunity to acquire a generational asset in Brooklyn Heights, one of New York City’s most prestigious and supply-constrained neighborhoods.
The property features a highly attractive unit mix, including 14 loft-style studio residences with open layouts and high ceilings, along with two duplex units offering private backyard access—a rare
and highly sought-after amenity.
Situated along Atlantic Avenue at the crossroads of Brooklyn Heights, Cobble Hill, and Boerum Hill, the asset benefits from exceptional demand, strong resale potential, and long-term appreciation.
Property Highlights:
-16-unit cooperative building
-14 loft-style studio units with open layouts
-2 duplex residences with private backyard access
-Located in prime Brooklyn Heights
-Generational, long-time family ownership
-High ceilings and flexible configurations
-Well-maintained with strong underlying structure
Value-Add Opportunity:
A clear path to unlocking value through renovation and repositioning:
-Transform loft studios into modern, design-driven residences
-Reconfigure layouts with sleeping alcoves or home offices
-Maximize duplex units as premium indoor/outdoor offerings
-Upgrade kitchens, bathrooms, and common areas
-Rebrand as a boutique loft-style co-op in Brooklyn Heights
Investment Thesis:
-Significant upside through renovation
-Premium pricing for loft-style units and outdoor space
-Strong end-user demand in Brooklyn Heights
-Ideal for sponsor-led sellout or phased resale strategy
-Long-term appreciation in a blue-chip Brooklyn location
Location Highlights:
-Prestigious Brooklyn Heights address
-Immediate access to Manhattan via multiple subway lines
-Near the Brooklyn Heights Promenade and waterfront
-Surrounded by top-tier dining, retail, and neighborhood amenities
This is a rare Brooklyn Heights co-op opportunity combining loft character, outdoor space, and scale—with compelling upside in one of NYC’s most desirable neighborhoods
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,500,000
Sales Associate
William Raveis Real Estate
Phone: 860.213.9282
Amy.Rubin@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $6,000,000 | $6,000,000 | $6,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.689% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $32,669 | $35,492 | $49,424 |
| Total Monthly Payment | $32,794 | $35,617 | $49,549 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.